Daily Archives: March 11, 2016, 2:47 pm

SEC Charges Company and Executives for Faulty Evaluations of Internal Controls — SEC Press Release

The Securities and Exchange Commission has settled charges against Texas-based oil company Magnum Hunter Resources Corporation and several individuals, including a company consultant, for deficient evaluation of the company’s internal controls over financial reporting, and failures to maintain internal control over financial reporting between Dec. 31, 2011 and Sept. 30, 2013. via SEC Charges Company and Executives for Faulty Evaluations…

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Federal judge rules hedge fund lawsuit targeting Bharara can go on | Newsday

A Manhattan federal judge on Thursday green lighted a lawsuit by a hedge fund operator alleging that Manhattan U.S. Attorney Preet Bharara should be held liable for a misleading affidavit used in an insider trading probe that killed the fund. U.S. District Judge William Pauley said David Ganek of Level Global Investors, once a $4 billion fund, should at least…

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